In a speech on Dec. 1, president-elect Biden spoke about the need to “address the structural inequities in our economy that this pandemic has laid bare” and referred to the “K-shaped” economic recovery, where the letter’s two diverging strokes depict two different economic outcomes facing Americans. The haves and the have-nots.While the recovery from the pandemic may be the first time the population at large will experience a bifurcated economy, data and research show that some Millennials have been living in a K-shaped economy their entire professional lives. Some Millennials have been able to graduate from college, build their careers, purchase homes, and save for retirement. However, many
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